Off- and on-grid solar capacity in New Zealand has grown 370 per cent in the last two years, according to data released by the Sustainable Electricity Association of New Zealand (SEANZ).
With off- and on-grid solar capacity reaching more than 8231kW in the last two years, New Zealand’s solar energy sector is now worth approximately
$40 million per annum.
SEANZ chairman Brendan Winitana said New Zealand’s solar sector is rapidly expanding.
“Revenue is growing at a rate of 100 per cent and exports are currently 25 per cent of total revenues. We are seeing strong enquiry from consumers and have attracted more installers to the sector. SEANZ membership has grown by more than 50 per cent in the past six months, reflecting the increased installation capacity nationwide,” he told Celias.
“The industry is poised for growth. Two key factors are driving it. The first is price. It has never been cheaper to install solar systems and harvest the energy of the sun. The equivalent of 50 solar installations are taking place each month.
“Secondly, it is encouraging to see companies like Vector helping to promote the uptake of distributed generation solar technology with attractive packages that require little upfront cost from the customer and completely remove the technology risk.”